Potential Growth of the U.S. Economy: Will the Productivity Resurgence Continue?
This paper analyzes the sources of U.S. productivity growth through 2004 and presents medium-term projections for the U.S. economy. We attribute a substantial portion of productivity gains over the past decade to production and use of information technology equipment and software. In the most recent years, we also identify a growing contribution from sources outside the technology-producing sectors. Our base-case projection for the GDP growth rate is almost exactly three percent. We emphasize the substantial range of uncertainty by presenting an optimistic projection of 3.5 percent and a pessimistic projection of only 1.9 percent.Business Economics (2006) 41, 7–16; doi:10.2145/20060101
Volume (Year): 41 (2006)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://www.palgrave-journals.com/|
Postal:1233 20th Street NW #505, Washington DC 20036
Web page: https://www.nabe.com/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/journal/11369|
When requesting a correction, please mention this item's handle: RePEc:pal:buseco:v:41:y:2006:i:1:p:7-16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.